3Countdown to the Closing Bell
environment. i do know from a historical standpoint they may not be the absolute cheapest, but it is still an attractive rate environment. i see this as a good time to think about strategic moves. liz: one more question about the stock market. i whip out to see the bubble pop? >> i have no idea. if you look at a lot of the transactions that have occurred, they have beenghtful, valuatione careful. we are in an environment look at the interest rate level and look at earnings, the market appears to in effect caught up with the earnings of the company. i can't really sit there and say there is a bubble or not, but my own view is it is still on pace. there is a huge desire for people to go ahead and be invested the cubbie companies ae buying back the stock, and that is an innovation of the value. liz: the tapering issue, is there a taper survival guide? at some point it has to end. we talk about there being a shot clock that has to run out. begin to scale back. >> the balance sheet is large given all the repurchases that have occurred. there is no survival guide. people at the end of the
here is the thing. the rising interest-rate environment. it is hard. listen. it is hard to gain these markets. you know what i am saying? sometimes a start to go up. high-yield bond. when the markets are up sometimes that is reflected in junk bond prices as well. so i won't tell you a market player. the street is looking to cut. it looks like it is in this play. >> a ton. they take their bonuses and bynum by lamborghini. they pay so much a stock. you don't have the price component. that has an impact. david patterson, a pretty liberal governor of new york, i like him personally. the conversation. i am for the wall street bonuses . i want to be paid in cash. as a politician in new york a want to spend money here. >> they used to set up a pop-up harry winston down the store. those are the days. >> i like it. i'm looking in my face, and i like it. liz: it's not horrible. what an endorsement. not horrible. >> my these things i have a horrible voice. liz: you do not. now give you that. >> singing voice. that i haven't heard. closing bell ringing in 30 minutes. the company that says you any
,keystone pipeline, are you concerned about the regulatory environment? there's a lot of concerns about fracking technology in the company. does that worry you as the ceo of a company that that is your main business right now? >> i think it's a very active market, and keystone specifically is very important i think not just for the u.s., but our relationships with canada, it's very important to the canadian market. we think it's an important project, a project the president should approve. but, obviously, there's environmental risks and concerns, and i think they need to be taken seriously and addressed. cheryl: the president's also calling for more domestic, more must money to be put into ports, railways, things like that. how much work is out there for you if you're a player in this space right now? >> well, it's a huge opportunity and one that if you think about states and municipalities, they've really struggled through the down turn, they don't have a lot of money to invest in local infrastructure projects. i think we need to double down on that, that's where the growth comes from.
Fetching more results